Private sector added 242,000 jobs in February

March 8, 2023

ADP says private sector employers added 242,000 jobs in February, well above the 205,000 expected by economists surveyed by The Wall Street Journal. Annual pay is up 7.2 percent, according to the payroll services firm.

Recent News

China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.